natural gas

Increasing Warmth in Weather Models Pushes Natural Gas Futures Back Below $3

Increasing Warmth in Weather Models Pushes Natural Gas Futures Back Below $3

Lower natural gas production and stronger export demand may keep bulls in the driver’s seat in the weeks and months ahead, but Mother Nature refused to sit back and not have her say. A warmer turn in the latest weather forecasts pushed the November Nymex futures contract back below the coveted $3.00/MMBtu mark on Friday,…

October 23, 2020
More Oil Drilling Propels U.S. Rig Count Higher for Sixth Straight Week

More Oil Drilling Propels U.S. Rig Count Higher for Sixth Straight Week

Bolstered by increased oil drilling, particularly in the Permian Basin, the U.S. rig count climbed for a sixth straight week during the period ended Friday (Oct. 23), picking up five units to reach 287, according to the latest data from Baker Hughes Co. (BKR). A six-rig increase in domestic oil drilling offset a one-rig decline…

October 23, 2020
Natural Gas Futures Retreat as Traders Await Cooler Weather; Cash Mostly Higher

Natural Gas Futures Retreat as Traders Await Cooler Weather; Cash Mostly Higher

Supportive EIA data not enough to sway natural gas futures Weather forecasts continue to flip-flop, lowering confidence Cash still strong in most of U.S.; East markets slip After gaining 25 cents in the past three sessions, natural gas futures took a breather Thursday. The November Nymex gas futures contract settled at $3.007, down 1.6 cents…

October 23, 2020
Despite Coronavirus Impacts, U.S. Natural Gas Exports to Mexico Still Climbing

Despite Coronavirus Impacts, U.S. Natural Gas Exports to Mexico Still Climbing

U.S. natural gas exports to Mexico, most of which cross the border via pipeline, have continued to increase in 2020, according to the U.S. Energy Information Agency (EIA). Mexico imports of liquefied natural gas (LNG), meanwhile, have declined every month since March, according to EIA, as pipeline infrastructure comes online offering cheaper alternatives. In early…

October 22, 2020
Natural Gas Clears $3.00 on Hiking LNG Demand, Shrinking Storage Surplus

Natural Gas Clears $3.00 on Hiking LNG Demand, Shrinking Storage Surplus

BREAKING: U.S. EIA reports a 49 Bcf injection into natural gas storage inventories for the week ending Oct. 16, confirming an increasingly tight supply/demand natural gas balance November natural gas climbs 11 cents as LNG demand surpasses 8 Bcf Natural gas traders may have had the theme of 1980s sitcom “Three’s Company” playing in their…

October 22, 2020
Natural Gas Preferred to Other Fossil Fuels, Says Survey, but Still Partisan Split

Natural Gas Preferred to Other Fossil Fuels, Says Survey, but Still Partisan Split

Natural gas is viewed more favorably than other fossil fuels around the world, although sentiment is largely divided along ideological lines, according to a recent Pew Research Center survey. The survey was conducted between October 2019 and March in 20 countries including the United States, Canada, Brazil and Russia, along with several countries across Europe…

October 22, 2020
Latest LNG News, Colder Forecast Send Natural Gas Soaring; Cash Rally Continues

Latest LNG News, Colder Forecast Send Natural Gas Soaring; Cash Rally Continues

LNG traffic could resume soon at two Gulf Coast export facilities Weather models point to colder weather ahead Cash rallies again as heat continues out West, while cooler weather heads east Natural gas futures rallied Tuesday on news that full liquefied natural gas (LNG) exports could soon resume from two key Gulf Coast facilities. An…

October 21, 2020
Double E Pipe Given FERC OK to Move Permian Natural Gas

Double E Pipe Given FERC OK to Move Permian Natural Gas

FERC last week approved the 1.35 million Dth/d Double E Pipeline LLC project to transport Permian Basin natural gas.  The Double E project would offer firm transportation service from producing areas in the Delaware sub-basin in southeastern New Mexico and West Texas to delivery points near the Waha hub.  Project backer Summit Midstream Partners LP…

October 20, 2020
E&P, OFS Earnings Season Likely Stronger, but Uncertainty on Covid

E&P, OFS Earnings Season Likely Stronger, but Uncertainty on Covid

Natural gas and oil operators are likely to report a return to normalcy — but not growth — when they unveil their third quarter results in the coming weeks, and demand forecasts may be hazy amid a historic hurricane season and the expanded wave of damaging Covid-19 infections.  Schlumberger Ltd., the world’s largest oilfield services…

October 20, 2020
Natural Gas Contributes Biggest Share of U.S. Electricity Generation Capacity, EIA Says

Natural Gas Contributes Biggest Share of U.S. Electricity Generation Capacity, EIA Says

Natural gas-fired generators contributed more than any other source to the nation’s electricity capacity last year, the U.S. Energy Information Administration’s (EIA) annual survey of electric generators found. Natural gas was used for 39% of electricity generation in 2019. The bulk of the fuel was used in combined-cycle technology, which surpassed coal-fired generators in 2018…

October 20, 2020
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